shareholders

In a BSE filing, the company said it is seeking shareholders' approval for buying back up to 32,30,76,923 fully paid-up equity shares of Rs 2 each, representing up to 5.35 percent of the total paid-up equity share capital of the company, at a price of Rs 325 per scrip, for an aggregate amount of up to Rs 10,500 cr.

The firm is proposing to buy back up to 2.05 crore (2,05,85,000) equity shares at a price of Rs 950 per equity share for an aggregate amount not exceeding Rs 1,956 crore, Tech Mahindra said in a regulatory filing.

Uday Kotak-led panel on corporate governance has suggested a transparent framework for information sharing with certain shareholders which requires a whole new chapter in Sebi's LODR and PIT regulations

The company in a filing to BSE said that its board in a meeting held today approved the recommendations of its capital raising committee to go for a rights issue of shares to existing shareholders "as a mode of raising equity capital aggregating up to Rs 500 crore".